The settlement of this federal securities fraud class action lawsuit is on behalf of Oatly Group AB (“Oatly”) (NASDAQ: OTLY) investors who (1) purchased or otherwise acquired Oatly American Depositary Shares (“ADS”) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Offering Documents”) issued in connection with the initial public offering on or about May 20, 2021 (“IPO”) between May 20, 2021 and November 15, 2021, inclusive (the "Class Period"); (2) acquired call options on Oatly ADS during the Class Period or otherwise pursuant to the Offering Documents; and/or (3) sold put options on Oatly ADS during the Class Period or otherwise pursuant to the Offering Documents.
Oatly agreed to pay $9,250,000 to resolve this class action lawsuit alleging the company and certain of its officers and/or directors violated federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On July 17, 2024, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Oatly ADS pursuant and/or traceable to the Offering Documents issued in connection with the IPO;
- Acquired Oatly ADS and/or call options on ADS between May 20, 2021 and November 15, 2021, inclusive; and/or
- Sold put options on Oatly ADS between May 20, 2021 and November 15, 2021, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total settlement fund is $9,250,000. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim was July 25, 2024. To submit a claim and/or to find additional information regarding the terms of the settlement and claim filing process, go to www.OatlySecuritiesSettlement.com, or contact the claims administrator, Gilardi & Co., at 1-888-298-4510.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.